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Jul 10, 2012
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w. that i don't understand. it's clear to me and many of my colleagues and the public that the obama administration's auto bailout staff used taxpayer dollars to pick winners and losers. and now it seems in an effort to not embarrass the president &an contentious election campaign, they agreed to speak today, but up until now it hasn't happened. tens of thousands of salary retirees saw their retirement funds greatly reduced by up to 70% while the union retirees were made whole and were even topped up. do you think it was fair? >> equal and fair sound pretty much the same to me, congressman. i would also say that to the earlier question, he was asked if they were given preferential treatment. he said he justified preferential treatment that he thought was reasonable. i don't think is any question the union didn't get preferential treatment. >> thank you for your answer. i'd like to yield my last 20 seconds to my colleague from ohio mr. turner for a followup question. >> you were saying th
w. that i don't understand. it's clear to me and many of my colleagues and the public that the obama administration's auto bailout staff used taxpayer dollars to pick winners and losers. and now it seems in an effort to not embarrass the president &an contentious election campaign, they agreed to speak today, but up until now it hasn't happened. tens of thousands of salary retirees saw their retirement funds greatly reduced by up to 70% while the union retirees were made whole and were even...
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Jul 10, 2012
07/12
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george w. bush hasn't been on a national ballot in eight years but his tax cuts are front and center. the president opens up a new attack against mitt romney trying to drive a wedge between the middle class tax cuts and tax breaks for the rich. >> it's time to let the tax cuts for the wealthiest americans, folks like myself, to expire. >> the white house vowed that the president will veto any legislation that includes tax cut extensions for the wealthy. it's a promise though the president has made before during his first campaign for president. >> let's roll back the bush tax cuts that went to the wealthiest americans. >> and again in 2010. >> how do you get up here and talk about how you care so deeply about the deficit and yet you want to perpetuate a tax cut that costs $700 billion. with a b. >> four months later he signed the extension of all the tax cuts. now, all of this is about trying to put romney on the defensive and actually highlight romney's own personal wealth. and the president i
george w. bush hasn't been on a national ballot in eight years but his tax cuts are front and center. the president opens up a new attack against mitt romney trying to drive a wedge between the middle class tax cuts and tax breaks for the rich. >> it's time to let the tax cuts for the wealthiest americans, folks like myself, to expire. >> the white house vowed that the president will veto any legislation that includes tax cut extensions for the wealthy. it's a promise though the...
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Jul 10, 2012
07/12
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do you remember billionaires for bush? billionaires for bush were my favorite anti-george w. bush satirical idea all through the bush years. they were the sa tire troupe that would show up to bush campaign events or fund-raisers or sometimes march through the streets professing to be billionaires in favor of president bush and his policy. for more war, for more wars. they would dress up in tuxedos and top hats and evening gowns and carry signs that said things like taxes are not for everyone. thank you for paying our fair shea. widen the income gap. for more barpz privatize everything. look at that in the back. corporations are people, too. this was preromney saying that. billionaires for bush was sort of genius. they did survive into the obama era when they became the anti-health reform group billionaires for wealth care. they dressed up in top hats and tails and occasionally as health care industry ceos to oppose health reform with signs like if we ain't broke, don't fix it. and let them eat advil. fight socialism, end medicare now. usually these guys announce their presenc
do you remember billionaires for bush? billionaires for bush were my favorite anti-george w. bush satirical idea all through the bush years. they were the sa tire troupe that would show up to bush campaign events or fund-raisers or sometimes march through the streets professing to be billionaires in favor of president bush and his policy. for more war, for more wars. they would dress up in tuxedos and top hats and evening gowns and carry signs that said things like taxes are not for everyone....
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Jul 10, 2012
07/12
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it's not like the enthusiasm for george w. bush. >>> stay with us. the day's top lines are coming up. chances are, you're not me of money, so don't overpay for motorcycle insurance. geico, see how much you could save. >>> clowns to the left of me, jokers to the right. here are today's top lines. >> if i were to loan you this to display here at the white house -- >> this will never go up in the white house. >> oh, it looks good on you though. >> my speculation about who mitt romney will choose as running mate, so it's fair to ask. >> that's a clown question, bro. >> a guy named joe biden. >> america runs on dunkin'. >> about dogs on top of cars, bain capital, bank account in the caymans. >> is it your belief that it's unpatriotic for someone to have a swiss bank account? >> if you are running for president is that the american people know and that you're an open book. >> should he release the tax returns? >> i would. >> that's been true of every presidential candidating back to mr. romney's father. >> i've had to face some hard truths tonight, billy.
it's not like the enthusiasm for george w. bush. >>> stay with us. the day's top lines are coming up. chances are, you're not me of money, so don't overpay for motorcycle insurance. geico, see how much you could save. >>> clowns to the left of me, jokers to the right. here are today's top lines. >> if i were to loan you this to display here at the white house -- >> this will never go up in the white house. >> oh, it looks good on you though. >> my...
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Jul 10, 2012
07/12
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as you know george w. bush won that election and the argument. he signed into law the tax cuts that now bear his name in 2001 creating six tax brackets with a top marginal rate of 35%. they didn't provide relief only to the rich. the lowest tax bracket dropped from 15% to 10%. just three months later the deadliest attack ever on u.s. soil sent the nation's economy reeling. wall street shut down, financial markets in a tailspin. president bush called for another round of tax cuts to jump start the economy. in 2003 president bush signed the jobs and growth tax relief act, saving taxpayers an estimated $350 billion. all those cuts did generate growth and by the end of his second term revenue jumped substantially from 2 trillion when he took office reaching $2.5 trillion in 2008. fast forward. it's december 2010 with president obama now in the white house. the bush tax cuts are about to expire, and economists warn the resulting tax hike will send the economy over a cliff. the white house and congress are deadlocked, so they agree to kick the can down
as you know george w. bush won that election and the argument. he signed into law the tax cuts that now bear his name in 2001 creating six tax brackets with a top marginal rate of 35%. they didn't provide relief only to the rich. the lowest tax bracket dropped from 15% to 10%. just three months later the deadliest attack ever on u.s. soil sent the nation's economy reeling. wall street shut down, financial markets in a tailspin. president bush called for another round of tax cuts to jump start...